Germany Industrial Output Rises Less Than Expected In April

RTTNews | 798天前

(RTTNews) - Germany's industrial production grew at a slower than expected pace in April raising possibilities for another economic contraction in the second quarter. Industrial output advanced 0.3 percent on month, in contrast to the 2.1 percent decrease in March, data from Destatis showed on Wednesday. The growth rate was well below the expected 0.6 percent.

The manufacture of basic pharmaceutical products surged 6.4 percent. Meanwhile, motor vehicles output dropped 0.8 percent and engineering output eased 0.5 percent.

Construction output was up 2.0 percent after a 2.9 percent fall. By contrast, energy production decreased 1.5 percent. Excluding energy and construction, industrial production edged up only 0.1 percent.

Production of consumer goods gained 1.5 percent on month. On the other hand, capital goods output eased 0.3 percent and intermediate goods production fell 0.2 percent. Likewise, energy production slid 1.5 percent.

On a yearly basis, industrial production moved up only 1.6 percent, slower than the 2.3 percent gain a month ago.

During February to April period, industrial production logged a sequential increase of 1.6 percent.

Factory orders data released on Tuesday was also weak. Factory orders fell 0.4 percent but less severe than the 10.9 percent decrease in March.

There could still be some technical rebounds, but the expected slowdown of the US economy and the structural factors like the ongoing war in Ukraine, demographic change and the current energy transition are likely to weigh on the German economy in the coming years, ING economist Carsten Brzeski said.

標籤: EUR

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.

RTTNews | 1天前

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.

RTTNews | 6天前

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.

RTTNews | 6天前

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | 6天前

German Factory Orders Log Unexpected Fall

Germany's factory orders declined unexpectedly in June on a notable fall in demand from non-EU countries, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent.

RTTNews | 7天前

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 7天前

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | 8天前

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.

RTTNews | 11天前

EURUSD	1.17153	GBPUSD	1.35669	AUDUSD	0.65519
USDJPY	147.276	USDCAD	1.37599	USDCHF	0.80326